SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors & officers policies, panelists said Wednesday during the Professional Liability Underwriting …
“What are the hardest lines of insurance to write for cannabis businesses?” That question took Stephanie Bozzuto, co-founder of Cannabis Connect Insurance, down a long mental list. Bozzuto has been in the insuring cannabis business for years, so she knows …
Three years of soaring directors and officers liability insurance prices pushed combined ratios down to the mid-to-high 90s, but new entrants and potential claims volatility may spell trouble for underwriters in the years ahead. Updating an earlier report on the …
Starbucks Corp. executives and directors have been sued by a conservative think tank that believes the coffee chain’s efforts to promote diversity amount to racial discrimination. In a complaint filed on Tuesday, the National Center for Public Policy Research objected …
The US Securities and Exchange Commission changed its whistle-blower rules to give the agency more leeway to pay out hefty awards. Wall Street’s main regulator will be able to pay tipsters who help other government agencies that don’t have whistle-blower …
Wall Street’s main regulator on Thursday voted to adopt a measure requiring that U.S.-listed companies disclose how the pay of their top executives squares with overall company performance. The U.S. Securities and Exchange Commission said the rule will require that …
It’s been a bumpy stretch for adherents of investment strategies based on environmental, social and governance data. Much has been written about how Vladimir Putin’s February invasion of Ukraine raised geopolitical questions about why ESG-focused funds were even invested in …
Volkswagen AG and its Porsche AG unit have agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy data on 500,000 Porsche vehicles in the United States, court documents show. The …
In addition to predicting greater geopolitical volatility driven by global food and energy insecurity, Chubb’s chief executive warned carriers to brace for greenwashing lawsuits on the horizon—against D&O insureds and insurers themselves—at an industry gathering yesterday. Speaking at the 38th …
The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014 but results have to be “viewed as a possible aberration rather than a the start of a trend,” according to a new report from AM …
